Starting it off.

Al

nice work Al.

Thanks, rat.
Al

Originally posted by rat89

nice work Al.

Great you can make money shorting it, Al !
I remember Jim used to call it F**book.

Originally posted by albert

Paper trading. Made a bit shorting FB at the 0.383 fibo. :--)

Al

American traders did drop it, but not as much. I guess Cable will break a bit below yesterday's LOD at 1.4113 and that's it for the day, but still very nice.

Originally posted by MarcinO

1.4050 (which is about 1.4000 on spot) would be a nice level to stop this drop.

A very good article on funding and hedging costs impact on markets.
https://www.zerohedge.com/news/2018-03-20/why-citi-suddenly-freaking-out-about-exploding-libor-ois

Thank you Marcin. I enjoy reading your posts. I made a bit paper trading the GBP.USD, also, last Sunday. I entered an upmove Sunday night, set a 20 pip stop loss, and a 20 pip profit exit, with reward-to-risk = 1, and went to bed. I got stopped out of the trade the next day (about 2am) with a 20 pip profit, which was nice for me, however, the price kept going up without me for an additional 40 pips. Well, at least I got something out of the tradeLOL.

Al

Originally posted by MarcinO

American traders did drop it, but not as much. I guess Cable will break a bit below yesterday's LOD at 1.4113 and that's it for the day, but still very nice.

Originally posted by MarcinO

1.4050 (which is about 1.4000 on spot) would be a nice level to stop this drop.

And so the Pound stopped right between my areas, at 1.4180. It seems the move is done for now, so I am expecting a sizeable bearish correction now.

Some move up, as expected. I guess it may go up to 1.4190-1.42.
All prices for 6B M18, currently traded about 45 higher than spot.

1.4160 is a minor resistance but should be kept in mind.

Made a bit paper trading by chasing (SELL) NFLX Thursday Morning. I like trading the CD leg of an X*AB=CD because price action can at times be pretty fast.


Al :--)